Low Income Housing

Housing Voucher Program For Homeless Veterans

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!On this Veterans Day it a great to remember them. Most come home to a stable life, but for others the world can get turned upside down. Since this is a real estate site, I wanted to bring a [...]

11Nov2008 | Tom Royce | 1 comment | Continued

Buy a Home For a Dollar? If You Do You Are Still A Sucker.

You can buy a home for a dollar in Atlanta, if you are a government entity. HUD is selling two foreclosures in the city for $1.00 to those willing to convert the property to affordable housing.
With the glut in foreclosures plaguing the City of Atlanta there is not much chance for a private investor [...]

6Nov2008 | Tom Royce | 0 comments | Continued

Multifamily Housing Market Is Strongest In United States Right Now

If you are looking for a bright spot in the real estate investment world right now, look to multifamily apartments as your best bet. The combination of weak sales and tough financing is creating a backlog in the rental markets forcing many who would be considering purchasing new homes onto the sidelines.
The issue has [...]

18Sep2008 | Tom Royce | 0 comments | Continued

Lennar Converting San Francisco’s Hunter’s Point and Candlestick Point and San Francisco Into Housing Developments

Lennar (LEN) has found new life in the real estate downturn by focusing on large projects converting former military bases in San Francisco to large moderate income communities. The Hunter’s Point project is one of San Francisco’s poorest neighborhoods and Lennar is converting property bought by the city for $1 into thousands of new homes.
Lennar [...]

2Sep2008 | Tom Royce | 0 comments | Continued

Home Ownership Drops, Rentals Become Hard To Find

The New York Times has a snarky article on homeownership and the inability of the country to maintain the levels of 2005. George Bush tried to raise the level of homeownership and lenders extended money to many who were not positioned to pay these loans.
We have seen what happened.
The ugly truth is that there is [...]

21Jun2008 | Tom Royce | 1 comment | Continued

Subsidizing Housing For Sex Offenders in New York City

This is a problem that faces landlords all over the country. How to handle a tenant on the sex offender registry.
The City of New York has an out though, they have a firm rule that housing for those who are on the sexual offender registry. They can not rent.
But as with any large [...]

7Apr2008 | Tom Royce | 2 comments | Continued

Mortgages and Foreclosures, The Next Political Pinball

Folks, if my political prognosticating hat is on correctly, our real estate industry is going to be front and center in the 2008 Presidential Race. The New York Times, the paper of record and the barometer for how the media covers things, has 2 big articles on foreclosures today as their top stories.
On one hand [...]

26Mar2008 | Tom Royce | 4 comments | Continued

Selling Your Soul For Your Client or How To Try To Move A Property Next To Tiger Woods

I am always in favor of real estate agents go the full measure to sell their clients homes. But there is a line between full measure and down right sleazy.
A real estate agent selling the home across the street from Tiger Woods on Jupiter Island has been reportedly contacting the tabloids as potential buyers. The [...]

4Mar2008 | Tom Royce | 1 comment | Continued

Indianapolis Low Income Real Estate Venture Collapses: 500 Foreclosures?

The gold rush that was real estate investing has slowed to a crawl and now investors in some of the more exotic investments are seeing their investments fall apart. In Indianapolis the investment group run by Mehran “Nick” Valiyi convinced people to provide the down payment and credit to purchase low income homes to be [...]

10Mar2007 | Tom Royce | 0 comments | Continued

Off Campus Housing - More Reasons Why It May Be A Good Investment

Earlier this month we talked about the benefits of buying into the student housing market, and now Marketplace has an interview on the benefits of owning off campus housing as a investor and landlord.
I still think this a good local investment if you are hands on and willing to get dirty. College students in [...]

27Feb2007 | Tom Royce | 7 comments | Continued